First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund
MDIV
100 hedge funds and large institutions have $140M invested in First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund in 2023 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 42 increasing their positions, 27 reducing their positions, and 9 closing their positions.
56% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 27
44% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 9
2% more funds holding
Funds holding: 98 → 100 (+2)
3.81% less ownership
Funds ownership: 36.83% → 33.02% (-3.8%)
14% less capital invested
Capital invested by funds: $162M → $140M (-$22.4M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$2.58M |
| 2 |
SOS
Silver Oak Securities
Jackson,
Tennessee
|
+$1.39M |
| 3 |
Morgan Stanley
New York
|
+$1.3M |
| 4 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$896K |
| 5 |
EWM
Endowment Wealth Management
Appleton,
Wisconsin
|
+$636K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$17M |
| 2 |
SG
StoneX Group
New York
|
-$6.54M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$1.63M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$938K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$722K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SG
101
StoneX Group
New York
| – | -$6.54M | -436,759 | Closed |
|
|
102
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$938K | -62,638 | Closed |
|
|
TNBTD
103
Trustmark National Bank Trust Department
Jackson,
Mississippi
| – | -$241K | -16,095 | Closed |
|
|
GIA
104
Gladstone Institutional Advisory
Palm Beach Gardens,
Florida
| – | -$230K | -15,356 | Closed |
|
|
MCC
105
Money Concepts Capital
Palm Beach Gardens,
Florida
| – | -$229K | -15,313 | Closed |
|
|
CBT
106
CoreFirst Bank & Trust
Topeka,
Kansas
| – | -$85.3K | -5,700 | Closed |
|
|
TRCT
107
Tower Research Capital (TRC)
New York
| – | -$1K | -68 | Closed |
|
|
EE
108
EWG Elevate
Roseville,
California
| – | -$359 | -24 | Closed |
|
109
Fidelity Investments
Boston,
Massachusetts
| – | -$15 | -1 | Closed |
|
MDIV Hedge Fund Activity: Q1 2023 in Review
100 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund (MDIV) for Q1 2023, worth a combined $140M — down 14% from $162M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new MDIV positions and 9 closed out — a net gain of 4 holders — while 42 added to existing stakes and 27 trimmed.
The largest buyer was LPL Financial, adding an estimated $2.58M. The largest seller was Ameriprise, cutting an estimated $17M.
- 100 institutional investors held First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund (MDIV) as of Q1 2023, up from 98 in Q4 2022.
- Funds reported $140M of First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund stock for Q1 2023, down 14% quarter-over-quarter.
- 13 funds opened new First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund positions in Q1 2023 and 9 closed out, a net change of +4 holders.
- The largest First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund buyer in Q1 2023 was LPL Financial, an estimated $2.58M added.
- The largest First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund seller in Q1 2023 was Ameriprise, an estimated $17M sold.
Based on aggregated 13F filings for Q1 2023.